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China national offshore oil co., LTD. (hereinafter referred to as "cnooc") reported, Canada court has approved its us $15.1 billion to Canada energy company niko takeover plan, cnooc purchase niko company will regain key progress.
On September 21,, Canadian alberta court announced formally approved the results. Previous 20,, Nixon's board of directors held the shareholders' meeting, unanimously cnooc company's acquisition application.
In July this year, cnooc company formally submitted acquisition application, but must be gained the Canadian government, the government of China and the United States government approval. Cnooc company in the fourth quarter of this year is expected to officially complete the transaction.
As we have learned, this acquisition plan will make cnooc through the Nixon the company access to western Canada, Britain, the United States, the north sea in the gulf of Mexico and Nigeria offshore oil and gas reserves of ownership. Cnooc in south China sea also have important energy block, once the successful acquisition niko company, it means cnooc company's future will be one of the world's most important submarine high basin have their own drilling area, the company cnooc oil and gas output will rise 20%, oil and gas reserves is expanding a third.
Cnooc takeover application, are the main reasons why China's energy shortage, many energy enterprise sight to abroad, hope to seek to stable fossil fuel reserves. Cnooc company in the south China sea area of exploration is relatively complex, economic analysts expect, cnooc in each of the south China sea deep drilling total spending $one hundred million, and China and Vietnam and the Philippines there exists between south China sea dispute. At present, China shale gas development has just started, shale gas resource is rich, but China's domestic development technology and rock structure become the biggest stumbling block.
Cnooc company unveiled its future years of plan, expected from 2011 to 2015, cnooc oil and natural gas output or interval for 6% -- 10%, in order to achieve this goal, cnooc company must ensure that each year in 2015 can produce 419 million - 486 million barrels of oil and natural gas in 2011, cnooc oil and gas years output for 331.8 million barrels.